REIT, NASDAQDUBAI, 1H, Demand Zone Bounce into Impulse Wave

**Price Action Rundown:**

* Price completed a **full 5-wave impulsive rally** earlier in 2025, topping near 0.75 before reversing sharply.
* Following the top, price retraced in a clear corrective structure, dropping over 60% to retest the **0.48–0.50 Demand Zone**.
* This zone coincides with prior Wave 4 consolidation and the lower bound of a **Daily ascending structure**, making it a strong technical support.
* Current structure suggests a potential fresh **Elliott Wave 1–5 impulse sequence** to the upside from this zone.
* Nearest **Supply Zone** lies at 0.641–0.659, which will be the first major resistance before the projected move toward 0.749.

**Elliott Wave Count (Projected):**

* Wave 1: 0.50 → \~0.56 (expected initial breakout)
* Wave 2: Minor pullback toward \~0.54
* Wave 3: Push toward 0.659 Supply Zone and breakout attempt
* Wave 4: Shallow pullback into \~0.64 support
* Wave 5: Target at **0.749** (previous cycle high & measured move completion)

**Supply & Demand Zones:**

* **Demand Zone (Buy area):** 0.48–0.50
* **Supply Zone (Sell area):** 0.641–0.659

**RSI Divergence:**

* Price recently made a lower low while RSI held a higher low, hinting at **bullish divergence** — supports the bounce thesis.

**Trade Idea:**

* **Entry:** 0.500 (Demand Zone top)
* **Stop Loss:** 0.479 (below Demand zone)
* **Take Profit:** 0.749 (measured wave 5 target)
* **Risk/Reward:** ≈ 1:11.8

**Trade Management:**

* Move SL to BE once price clears 0.659 Supply Zone with strong momentum.
* Partial take at 0.659 to secure gains and let runners aim for 0.749.

**Risk Management:**

* Max \$ risk = 1–3% of account equity.
* Avoid over-leveraging — penny-priced assets can move sharply in both directions.

> “The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Elder

**Disclaimer:**
Not financial advice. For educational purposes only.